The vehicle that is being insured is one of the primary factors when quoting cheaper insurance for nurses. Vehicles with lots of speed or power, poor passenger safety features, or a history of substantial liability claims will cost substantially more to insure than more modest models.
The next table features car insurance prices for a selection of the cheapest vehicles to insure in Kentucky.
| Vehicle Insured | Estimated Cost for Full Coverage |
|---|---|
| Hyundai Elantra GLS Touring Station Wagon | $932 |
| Honda CR-V LX 2WD | $1,022 |
| Ford Escape XLT 2WD | $1,032 |
| Ford F-150 FX2 Super Cab 2WD | $1,048 |
| Volkswagen Jetta S 4-Dr Sedan | $1,109 |
| Chevrolet Malibu LT | $1,128 |
| Dodge Grand Caravan CV | $1,144 |
| Toyota Camry XLE | $1,168 |
| Toyota Prius | $1,170 |
| Ford Explorer Eddie Bauer 2WD | $1,187 |
| Jeep Wrangler Unlimited Sahara 4WD 4-Dr | $1,198 |
| Dodge Ram Crew Cab TRX 2WD | $1,207 |
| Toyota RAV4 2WD | $1,209 |
| Chevrolet Equinox LS 2WD | $1,215 |
| Toyota Tacoma Double Cab 4WD | $1,209 |
| Ford Edge Limited 2WD | $1,216 |
| GMC Sierra SLE Crew Cab 2WD | $1,244 |
| Jeep Grand Cherokee Laredo 4WD | $1,253 |
| Ford Focus SES 2-Dr Coupe | $1,246 |
| Honda Civic LX 4-Dr Sedan | $1,253 |
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Prices above based on single male driver age 50, no speeding tickets, no at-fault accidents, $1,000 deductibles, and Kentucky minimum liability limits. Discounts applied include multi-policy, safe-driver, multi-vehicle, claim-free, and homeowner. Information does not factor in specific Lexington, KY garaging location which can revise auto insurance rates considerably.
Looking at the numbers, we can assume that makes and models like the Hyundai Elantra, Honda CR-V, Ford Escape, Ford F-150, and Volkswagen Jetta should be a few of the most economical vehicles to insure for health professionals.
Finding good, low-priced car insurance is difficult, and figuring out which companies quote the lowest-priced car insurance rates for nurses will take even more diligence.
Each company uses different criteria to set premium rates, so to begin we’ll rank the car insurance companies with the overall cheapest rates in Lexington.
Cheapest Insurance Rates for Health Occupations
| Rank | Company | Cost Per Year |
|---|---|---|
| 1 | Cincinnati Insurance | $1,082 |
| 2 | Kentucky Farm Bureau | $1,174 |
| 3 | USAA | $1,223 |
| 4 | Auto-Owners | $1,413 |
| 5 | Grange Mutual | $1,609 |
| 6 | Travelers | $1,614 |
| 7 | Motorists Mutual | $1,617 |
| 8 | State Farm | $1,867 |
| 9 | Westfield | $1,870 |
| 10 | Safe Auto | $1,991 |
| 11 | Nationwide | $2,024 |
| 12 | Progressive | $2,077 |
| 13 | Electric | $2,160 |
| 14 | State Auto | $2,232 |
| 15 | Encompass | $2,312 |
| 16 | GEICO | $2,341 |
| 17 | Safeco | $2,709 |
| 18 | Shelter | $3,135 |
| 19 | MetLife | $3,177 |
| 20 | Liberty Mutual | $3,634 |
| Compare Rates Now Go | ||
Cincinnati Insurance quotes some of the best car insurance rates in Lexington at around $1,082 per year. Kentucky Farm Bureau, USAA, Auto-Owners, and Grange Mutual would also be considered some of the lowest-priced Lexington, KY auto insurance companies.
In the rate table above, if you currently have a policy with Kentucky Farm Bureau and switched to Cincinnati Insurance, you could earn a yearly price reduction of upwards of $92. Drivers with USAA might save as much as $141 a year, and Auto-Owners policyholders might lower prices by up to $331 a year.
It’s important to note that these premiums are averaged across all ages of drivers and types of vehicles and do not take into consideration a specific zip code for nurses. So the insurer that fits you best may not even be in the list above. That affirms the importance of why you need to get rate quotes from many companies using your own individual information.
One of the many considerations that are looked at to help calculate the annual cost of car insurance is where you live. More populated areas tend to pay more, whereas areas with fewer weather claims and lower vehicle theft rates can boast about having cheaper rates.
The table below ranks the highest-priced areas in Kentucky for nurses to purchase a policy in. Lexington comes in at #19 having an annual price of $1,469 for the average insurance policy, which is about $122 per month.
| Rank | City | Average Per Year |
|---|---|---|
| 1 | Louisville | $2,154 |
| 2 | Frankfort | $1,795 |
| 3 | Jeffersontown | $1,736 |
| 4 | Ashland | $1,673 |
| 5 | Saint Matthews | $1,643 |
| 6 | Paducah | $1,631 |
| 7 | Madisonville | $1,616 |
| 8 | Radcliff | $1,606 |
| 9 | Murray | $1,565 |
| 10 | Elizabethtown | $1,563 |
| 11 | Henderson | $1,557 |
| 12 | Danville | $1,549 |
| 13 | Hopkinsville | $1,538 |
| 14 | Richmond | $1,520 |
| 15 | Nicholasville | $1,519 |
| 16 | Winchester | $1,517 |
| 17 | Georgetown | $1,506 |
| 18 | Covington | $1,472 |
| 19 | Lexington | $1,469 |
| 20 | Erlanger | $1,435 |
| Compare Prices Now Go | ||
Premium costs are approximated as vehicle location can alter prices noticeably.
The information below shows how different deductible levels can affect insurance costs when trying to find cheap insurance for nurses. The premiums assume a married female driver, full coverage, and no policy discounts are applied.
The chart above illustrates that a 30-year-old driver could save $362 a year by switching their comprehensive and collision coverages from a $100 deductible to a $500 deductible, or save $546 by switching to a $1,000 deductible. Young drivers, like the Age 20 chart data, could reduce their rates up to $770 each year by choosing a larger deductible amount.
When insureds make the decision to increase the deductibles on their policy, it is a good idea to have enough funds in savings to enable you to cover the extra out-of-pocket expense. This is the primary disadvantage of choosing high deductibles.
Price comparison of only insuring for liability
Finding the cheapest car insurance is probably important to most people, and one easy way to reduce the cost of insurance for nurses is to only buy liability insurance. The chart below shows the difference between auto insurance rates when comparing full coverage to liability only. The price estimates are based on no claims or violations, $500 deductibles, single marital status, and no additional discounts are factored in.
Averaged for all age groups, physical damage insurance costs $2,088 per year more than carrying just liability coverage. Lot’s of drivers question if it’s a good idea to buy full coverage. There is no definitive rule of when to stop paying for physical damage insurance, but there is a guideline you can consider. If the yearly cost of comp and collision coverage is more than about 10% of the replacement cost of your vehicle minus the policy deductible, then it might be time to buy liability only.
For example, let’s pretend your vehicle’s settlement value is $7,000 and you have $1,000 policy deductibles. If your vehicle is destroyed, the most your company would pay you is $6,000 after the policy deductible has been paid. If you are currently paying more than $600 a year for physical damage coverage, then it could be time to drop full coverage.
Careless driving habits raise Lexington car insurance rates
In a perfect world, the best way to snag low car insurance rates for health professionals is to drive carefully and not have accidents or get tickets. The example below highlights how speeding tickets and at-fault collisions drive up insurance premiums for different age groups. The costs are based on a single male driver, full physical damage coverage, $100 deductibles, and no discounts are applied.
The data above shows the average cost of a car insurance policy per year with a clean driving record and no accidents is $2,086. Factor in one speeding ticket and the average cost hikes up to $2,346, an increase of $260 each year. Next add one accident along with the one speeding ticket and the 12-month cost of car insurance for nurses increases to an average of $3,089. That’s an increase of $1,003, or $84 per month, just for not driving carefully!
The agencies below can help you decide which coverage meets your needs best, as some drivers have questions and prefer to have the advice of a professional agent when trying to find lower insurance rates for nurses. It can be time-consuming to find the best coverage yourself, so getting advice from a licensed Kentucky insurance agent can provide peace of mind knowing your policy gives you sufficient coverage at claim time. To find a Lexington insurance agency closest to you, click the button link following the list.
- GEICO Insurance Agent
3100 Old Todds Rd #110 – Lexington, KY 40509 – (859) 286-8655 - Kentucky Insurance Inc
1750 Alexandria Dr – Lexington, KY 40504 – (859) 277-8877 - Lexington Insurance Agency, Inc.
465 E High St #101 – Lexington, KY 40507 – (859) 253-6570 - Bill Rea – State Farm Insurance Agent
138 E Reynolds Rd #102 – Lexington, KY 40517 – (859) 273-7373
Find a Lexington, KY insurance agent near you
How to find cheaper insurance for nurses
Here are a few penny-pinching ideas that can help you locate more affordable coverage.
- Increase deductibles to save money
- Earn discounts for being claim-free
- Prevent price hikes by avoiding at-fault accidents
- Violations and traffic tickets increase rates
- Drop full coverage on older vehicles
- Check for cheaper rates once a year
That last tip is remarkably vital, as was affirmed in this piece. Auto insurance rates in Lexington can change considerably based on profitability, so drivers shouldn’t hesitate to buy from a different company if a more affordable price is available. Having a favorite company is fine, but it isn’t a good idea if that devotion results in you overpaying thousands of dollars over the life of your policy. Spend a few minutes and compare rates to find cheaper insurance for nurses.